UAE markets 09 Jun 2008

UAE market news & discussions for 09 June 2008 A quiet days trading on UAE markets today. Both indicies finished virtually unchanged and the value of shares traded on the DFM slightly over one billion dirham and on the ADX one and half billion dirhams. DIC continues to top trading on the DFM rising 0.70% to 4.27 dirhams on volume of 121 million shares traded. SIB topped trading on the ADX, falling 0.95% to 3.09 dirhams on 51 million shares traded. Agenda this week Monday, 09 June 2008 GPI rights issue / capital increase subscription period (unconfirmed)? QTEL rights issue subscription period TAQA BOD meeting at 2:30 pm to discuss convertible bonds Tuesday, 10 June 2008 AABAR Sukuk last day to submit Voluntary Early Redemption Notice (before 14:00 GMT) GPI rights issue / capital increase subscription period (unconfirmed)? QTEL rights issue subscription period SHUAA EGM - delist from KSE, & give GCC nationals same share ownership rights as UAE nationals UCC BOD meeting at 10 am Wednesday, 11 June 2008 GPI rights issue / capital increase subscription period (unconfirmed)? QTEL rights issue subscription period Thursday, 12 June 2008 GPI rights issue / capital increase subscription period (unconfirmed)? GRAND AGM & EGM 25% share & 10% cash dividend proposed? Disclosure unclear NRE EGM (deferred from 28 May 2008) QTEL rights issue subscription period UAE stock news - links to latest news articles.

• Marketwatch ADX DFM June 2008
• Depa employee stock options
• Sharjah Islamic Financial Services (SIFS)
• DFM capitalization
• Investing in Small & Midcaps
• Amlak Jordan Inwan IPO 10x oversubscribed
• Insider trades June 2008
• DIC - A Good buy? - analysis
• ADNIC foreign ownership
• NBAD loan AED 700m for Das Real Estate
• 09 Jun 2008 ADSM DFM DIFX disclosures & news
• DEPA report ING Bank
• ALDAR share capital - bond conversion
• 06-08 Jun 2008 ADSM DFM DIFX disclosures & news
• Mithaq foreign ownership?
• AKIC foreign ownership
• TABREED Masdar carbon credits
• Forum and website modifications and new features log
• Aldar dirham Sukuk
• Internaxx
• Arabtec Nakheel AED 3bn contract
• Ummar Bank IPO
• Arabtec Zabeel Brad Pitt hotel deal
• Damac Kurdistan AED 55 bn investment?
• DFM net foreign investment Dh230 m last week

More UAE stock market news and discussions...

best stock rises symbol price change ALMADINA 7.98 +0.73 +10.1% SICO 6.31 +0.57 +9.9% OEIHC 4.94 +0.43 +9.5% TKFL 8.20 +0.70 +9.3% NMDC 12.35 +0.75 +6.5%

worst stock falls symbol price change ALSALAMSUDAN 6.15 1.01 19.6% IFA 7.25 0.75 11.5% GMPC 3.51 0.23 7% INVESTB 3.44 0.21 6.5% UNION 3.65 0.20 5.8%

top volume symbol value (AED) price DIC 521,269,688 4.27 ARKAN 279,541,075 6.22 UNB 217,426,105 8.97 AABAR 171,361,061 3.65 NBS 160,552,884 3.14

Dubai Financial Market

The DFM index closed at 5,794 a rise of 0.03% from the previous close. 287 million shares were traded worth 1.1 billion dirhams. Thirteen shares advanced and twelve declined.
The top traded share by volume was Dubai Investments (DIC), rising 0.70% to 4.27 dirhams on turnover of 121 million shares.

Other shares to rise included: DEYAAR 2.27 (0.44%), Tamweel (TAMWEEL) 8.44 (0.11%) and Arabtec (ARTC) 16.80 (0.59%).

Shares to fall included: AIRARABIA 1.96 (0.50%), DFM 5.75 (0.17%) and GULFNAV 1.80 (0.55%).

Abu Dhabi Securities Market

The ADX index closed at 5,107 a fall of 0.07% from the previous close. 326 million shares were traded worth 1.5 billion dirhams. Twenty three shares advanced and twenty two declined.
The top traded share was SIB, falling 0.95% to 3.09 dirhams on turnover of 51 million shares.

Other shares to fall included: Union National Bank (UNB) 8.97 (0.77%) and Dana Gas (DANA) 2.08 (0.48%).

Shares to rise included: WAHA 2.70 (1.12%), Sorouh Real Estate (SOROUH) 9.66 (1.47%), Aabar Petroleum (AABAR) 3.65 (1.96%) and ARKAN 6.22 (1.80%).

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